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AGCO

Agco

$76.04

-0.16 (-0.21%)

18:30
09/18/19
09/18
18:30
09/18/19
18:30

Agco CEO: We are on schedule in the U.S.

In an interview on CNBC's Mad Money, Agco CEO Martin Richenhagen said: We have reinvented the combine...The Fendt ideal combine replaces four conventional smaller ones... We are on schedule in the U.S. and should hit our guidance... American farmers are getting more subsidies than usual.

AGCO Agco
$76.04

-0.16 (-0.21%)

09/11/19
JPMS
09/11/19
UPGRADE
Target $82
JPMS
Overweight
Agco upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Ann Duignan upgraded Agco to Overweight from Neutral and raised her price target for the shares to $82 from $77. The shares look undervalued with "relatively limited" downside risk to earnings estimates, Duignan tells investors in a research note.
09/11/19
09/11/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Micron (MU) upgraded to Buy from Neutral at Longbow with analyst Nikolay Todorov saying his channel checks indicate upside in shipments and improving DRAM and NAND pricing fundamentals. 2. Alliance Data (ADS) upgraded to Buy from Neutral at Goldman Sachs with analyst Ryan Nash saying after peaking at $310 in 2015, shares of Alliance Data are off 57% as the company has "battled a long list of issues," including credit normalization, lower recoveries and retailer struggles leading to slower growth. 3. Alcoa (AA) upgraded to Outperform from Neutral at Credit Suisse with analyst Curt Woodworth saying he expects alumina prices to recover on "significant" capacity cuts in China, an end to inventory destocking, and the Alpart shutdown. 4. Callaway Golf (ELY) upgraded to Outperform from Market Perform at Raymond James with analyst Joseph Altobello citing the firm's sum-of-the-parts base case valuation on Callaway's golf club, ball, apparel and gear business, the Jack Wolfskin business and Callaway's TopGolf investment. 5. Oshkosh (OSK) and Agco (AGCO) upgraded to Overweight from Neutral at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/11/19
JPMS
09/11/19
NO CHANGE
JPMS
In Machinery shift, JPMorgan upgrades Agco and Oshkosh, cuts Actuant
With her U.S. Machinery coverage universe underperforming the broader market year-to-date, but outperforming since Labor Day amid a rotation into cyclicals, JPMorgan analyst Ann Duignan established December 2020 price targets based on where she believes we are in the cycle for end market demand. The analyst sees North America and Europe truck demand at or beyond peak, North America construction equipment "perhaps rolling over" in 2020, North America agriculture equipment demand "likely stagnating" near mid-cycle, and mining equipment "slowly approaching" mid-cycle. Within this framework, Duignan this morning upgraded both Agco (AGCO) and Oshkosh (OSK) to Overweight from Neutral, saying both stocks look undervalued with relatively limited downside risk to earnings estimates. Additionally, the analyst downgraded Actuant (ATU) to Underweight from Neutral, saying the risks appear weighted to the downside at current valuation levels. She sees elevated risk of management overpaying for acquisitions should it pursue the pipeline of potential targets. Duignan also maintained Overweight ratings on Eaton (ETN), Caterpillar (CAT) and Terex (TEX), and Underweight ratings on Deere (DE) and Allison Transmission (ALSN).
09/16/19
BMOC
09/16/19
NO CHANGE
Target $80
BMOC
Market Perform
Agco price target raised to $80 from $65 at BMO Capital
BMO Capital analyst Joel Tiss raised his price target on Agco to $80 after discussions with its VP of Investor Relations suggesting that the company's end markets are flat, inventories are in "good shape", and pricing is up about 150bps this year. The analyst is positive on Agco management's progress in transforming the company into a global manufacturer but keeps his Market Perform rating, saying the agricultural equipment market growth remains tepid following a multi-year downturn.

TODAY'S FREE FLY STORIES

ADI

Analog Devices

$111.07

-0.02 (-0.02%)

10:55
10/22/19
10/22
10:55
10/22/19
10:55
Initiation
Analog Devices initiated  »

Analog Devices initiated…

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UBER

Uber

$30.63

-0.78 (-2.48%)

10:55
10/22/19
10/22
10:55
10/22/19
10:55
Options
Uber put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 04

    Nov

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    Nov

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    Nov

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    Dec

ASOMY

Asos

$0.00

(0.00%)

10:51
10/22/19
10/22
10:51
10/22/19
10:51
Conference/Events
Asos management to meet with JPMorgan »

Meetings to be held in…

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  • 22

    Oct

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    Oct

IDCC

InterDigital

$55.02

1.92 (3.62%)

, ZTCOY

ZTE Corp.

$0.00

(0.00%)

10:50
10/22/19
10/22
10:50
10/22/19
10:50
Hot Stocks
InterDigital rallies after reaching patent, settlement agreement with ZTE »

InterDigital (IDCC)…

IDCC

InterDigital

$55.02

1.92 (3.62%)

ZTCOY

ZTE Corp.

$0.00

(0.00%)

03/08/13
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  • 31

    Oct

STOK

Stoke Therapeutics

$22.78

0.23 (1.02%)

10:50
10/22/19
10/22
10:50
10/22/19
10:50
Conference/Events
Stoke Therapeutics management to meet with JPMorgan »

Meetings to be held in…

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  • 22

    Oct

  • 23

    Oct

STBA

S&T Bancorp

$36.75

-0.04 (-0.11%)

10:49
10/22/19
10/22
10:49
10/22/19
10:49
Hot Stocks
S&T Bancorp increases dividend 3.7% to 28c per share »

S&T Bancorp, the…

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  • 24

    Oct

ZLAB

Zai Lab

$32.14

-0.55 (-1.68%)

10:49
10/22/19
10/22
10:49
10/22/19
10:49
Conference/Events
Zai Lab management to meet with JPMorgan »

Meetings to be held in…

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  • 23

    Oct

  • 24

    Oct

  • 25

    Oct

BCS

Barclays

$8.51

-0.01 (-0.12%)

10:46
10/22/19
10/22
10:46
10/22/19
10:46
Upgrade
Barclays rating change  »

Barclays upgraded to…

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  • 25

    Oct

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    Oct

  • 12

    Nov

JBLU

JetBlue

$18.06

0.52 (2.96%)

10:45
10/22/19
10/22
10:45
10/22/19
10:45
Hot Stocks
JetBlue concerned about current, future tariff environment »

Management noted it…

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  • 22

    Oct

  • 10

    Nov

DISCA

Discovery

$27.77

0.09 (0.33%)

10:45
10/22/19
10/22
10:45
10/22/19
10:45
Hot Stocks
Discovery is not for sale, CEO David Zaslav says »

Discovery CEO David…

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  • 07

    Nov

BIIB

Biogen

$291.44

67.87 (30.36%)

10:45
10/22/19
10/22
10:45
10/22/19
10:45
Recommendations
Biogen analyst commentary  »

Cantor 'inclined to…

03/08/13
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  • 22

    Oct

BSX

Boston Scientific

$38.70

0.04 (0.10%)

10:45
10/22/19
10/22
10:45
10/22/19
10:45
Options
Boston Scientific call volume above normal and directionally bullish »

Bullish option flow…

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  • 23

    Oct

  • 13

    Nov

10:45
10/22/19
10/22
10:45
10/22/19
10:45
General news
NY Fed added $99.9 B in cash into the marke »

NY Fed added $99.9 B in…

10:45
10/22/19
10/22
10:45
10/22/19
10:45
General news
Treasury 2-year auction outlook: »

Treasury 2-year auction…

10:45
10/22/19
10/22
10:45
10/22/19
10:45
General news
Breaking General news story  »

8-Week Bill Announcement…

10:45
10/22/19
10/22
10:45
10/22/19
10:45
General news
Breaking General news story  »

4-Week Bill Announcement…

VRTX

Vertex

$190.76

7.03 (3.83%)

10:43
10/22/19
10/22
10:43
10/22/19
10:43
Recommendations
Vertex analyst commentary  »

Oppenheimer stays bullish…

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  • 30

    Oct

  • 19

    Mar

JBLU

JetBlue

$17.92

0.38 (2.17%)

10:36
10/22/19
10/22
10:36
10/22/19
10:36
Hot Stocks
Breaking Hot Stocks news story on JetBlue »

JetBlue…

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  • 22

    Oct

  • 10

    Nov

10:35
10/22/19
10/22
10:35
10/22/19
10:35
General news
Treasury Action: there was nary a market reaction to the mix of data »

Treasury Action: there…

AEP

American Electric

$94.43

-0.04 (-0.04%)

10:34
10/22/19
10/22
10:34
10/22/19
10:34
Hot Stocks
American Electric boosts quarterly dividend to 70c from 67c »

The board American…

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  • 24

    Oct

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    Nov

AAL

American Airlines

$27.93

-0.69 (-2.41%)

10:30
10/22/19
10/22
10:30
10/22/19
10:30
Options
Size call writer in American Airlines following Jetblue earnings »

Size call writer in…

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  • 24

    Oct

  • 05

    Nov

  • 14

    Nov

CSOD

Cornerstone OnDemand

$54.62

0.13 (0.24%)

10:28
10/22/19
10/22
10:28
10/22/19
10:28
Options
Call volume spikes in Cornerstone on Demand as shares spike »

Call volume spikes in…

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  • 06

    Nov

  • 06

    Nov

CCL

Carnival

$42.76

-0.37 (-0.86%)

, RCL

Royal Caribbean

$110.04

-2.24 (-2.00%)

10:26
10/22/19
10/22
10:26
10/22/19
10:26
Hot Stocks
Carnival, Royal Caribbean, government of St. Lucia sign MOU »

Carnival Corporation…

CCL

Carnival

$42.76

-0.37 (-0.86%)

RCL

Royal Caribbean

$110.04

-2.24 (-2.00%)

03/08/13
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  • 02

    Dec

KMB

Kimberly-Clark

$135.20

-4.11 (-2.95%)

10:25
10/22/19
10/22
10:25
10/22/19
10:25
Hot Stocks
Breaking Hot Stocks news story on Kimberly-Clark »

Kimberly-Clark says…

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  • 22

    Oct

JWN

Nordstrom

$35.43

-0.28 (-0.78%)

10:25
10/22/19
10/22
10:25
10/22/19
10:25
Conference/Events
Nordstrom to hold a meeting »

Management discusses the…

03/08/13
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  • 22

    Oct

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